Major Rating Factors:
Good overall results on stability tests (6.0 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Other stability subfactors include potential support from affiliation with American Financial Group Inc, good operational trends and excellent risk diversification. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (108.3%)
Licensed in:
All states except NY, WY
Principal Investments:
Investment grade bonds (82.4%), other (17.6%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
3250 Interstate Drive
Richfield, OH 44286
Richfield, OH 44286
Phone Number
(330) 659-8900
NAIC Number
41106
Website
Largest Affiliates